Author: TheScrutinyNG

The Naira on Friday depreciated to N1,660 per dollar in the parallel market from N1,655 per dollar.. But the Naira appreciated to N1,535 per dollar in the official foreign exchange market. Data published by the Central Bank of Nigeria (CBN) showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) fell to N1535 per dollar from N1,538.5 per dollar on Thursday, maintaining the decline on Friday, indicating N3.5 appreciation for the naira. Consequently, the margin between the parallel market and NFEM rate widened to N125 per dollar from N116.5 per dollar.

The New York judge presiding over President-elect Donald Trump’s hush money case on Friday set sentencing for January 10, falling 10 days before his White House inauguration. Judge Juan Merchan also said he was not inclined to impose jail time on the former president. Trump will be inaugurated as the President of the United States after he defeated Vice President Kamala Harris in a poll last year.

The Commissioner of Police, Abia Command, Danladi Isa, has reactivated the Command’s Radio Communications Office for 24-hour operation daily. The Police Public Relations Officer, Abia, Maureen Chinaka, in a statement in Umuahia on Friday, explained that the purpose was to attend to the security needs of Abia residents in 2025. She stated that the coverage of the office had been extended to all parts of the state. According to the statement, it is to ensure seamless communication, as necessary equipments have been installed and outdated systems replaced. “It is for enhanced efficiency in managing directives and responding promptly to security…

Two local government chairmen in Edo State have been reportedly impeached by their elected councillors in Uhunmwonde and Orhionmwon local government areas. This is their Owan East counterpart; Prince Aminu Okodo-Kadirihas, said that his purported impeachment and that of his vice, Hon Clement Ojebuovbo was unconstitutional and illegal. In Uhunmwonde, several people were injured as gunmen allegedly attacked bystanders, injuring many of them in the process. The chairman of the council, Kenneth Adodo alleged that the people who came to shoot were policemen from the government house. The councillors in Orhionmwon on Wednesday impeached the Leader of the house, Hon…

Agnes Keleti, the world’s oldest Olympic champion and Holocaust survivor, has died at the age of 103. She passed away on Thursday at Budapest hospital, her press official Tamas Roth told AFP, confirming a report from local sports daily Nemzeti Sport. She was hospitalised with pneumonia last week. “We pray for her, she has a great vitality,” her son, Rafael Biro-Keleti told local press at the time. Keleti’s life story, including surviving the Holocaust and Olympic glory, reads like a gripping Hollywood film script, with her feisty spirit never breaking in the face of adversity. As Hungary’s most successful gymnast,…

Former President Olusegun Obasanjo has disclosed how the Nigerian National Petroleum Corporation (NNPC) rejected a $750 million offer from billionaire businessman Aliko Dangote. In an interview with Channels TV, former President Olusegun Obasanjo revealed that in 2007, Dangote offered a staggering $750 million to manage the Port Harcourt and Kaduna refineries. Obasanjo explained that the Nigerian National Petroleum Corporation (NNPC), now rebranded as NNPCL, rejected the offer due to its inability to operate the refineries effectively. He said, “Aliko got a team together and they paid $750m to take part in PPP (Public–public-private partnership) in running the refineries. “My successor…

Following the recent apathy towards teaching by qualified individuals, the Academic Staff Union of Universities (ASUU) has expressed concern that inadequate welfare conditions for lecturers in public universities are discouraging qualified individuals from pursuing teaching roles. Professor Ayo Akinwole, chairman of the University of Ibadan Chapter, highlighted this in his New Year message that not only university lecturers but also teachers in primary and secondary schools are affected by low salaries, leading to a shortage of qualified educators. This situation, he noted, has contributed to the rise of private schools, which many families find financially inaccessible due to high tuition…

Gaza’s civil defence agency said on Thursday that an overnight Israeli air strike killed at least 11 people, including the chief of the territory’s now dismantled Hamas police force. “Eleven people were martyred, including three children and two women, and 15 were injured after the occupation aircraft bombed a tent housing displaced people in the Al-Mawasi area, west of Khan Yunis city in the southern Gaza Strip,” Gaza’s civil defence agency said in a statement. Among those killed were the police chief Mahmud Salah and his deputy Hussam Shahwan, agency spokesman Mahmud Bassal said. The Israeli military told AFP that…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has set a crude oil production target of 367.5 million barrels for oil firms operating in the country for the first half of 2025. This target aligns with Nigeria’s broader goal to enhance its oil output, which is projected to reach 2.06 million barrels per day by 2025, including condensates. The Commission also announced that local refineries will require 770,500 barrels per day (bpd) of crude oil for effective operation in the first half of 2025. LEADERSHIP reports that this demand represents approximately 37 per cent of the projected daily production of 2,066,940…

The National Assembly (NASS) has assured President Bola Ahmed Tinubu that it is solidly behind in in his journey towards a new Nigeria. This is as the president said that his administration is encouraged by the National Assembly’s support over the last 19 months and is determined to take Nigeria to the Promised Land. Tinubu spoke Wednesday while receiving Vice President Kashim Shettima, the leadership of the National Assembly, and former principal officers of the National Assembly at his Oyinkan Abayomi Drive residence in Ikoyi, Lagos. A statement by Bayo Onanuga, Special Adviser to the President (Information & Strategy) informed…